Tags: LT | Brazil | Corruption

Former Petrobras CEO Sentenced to 11 Years in Jail

Wednesday, 07 March 2018 04:38 PM

SAO PAULO (AP) — A former chief executive officer of Brazil's state oil company Petrobras has been sentenced to 11 years in prison as part of sprawling corruption investigation that has ensnared many of the country's top business and political leaders.

Federal Judge Sergio Moro found Aldemir Bendine guilty Wednesday of corruption and money laundering in connection with about $1 million in bribes paid by construction giant Odebrecht.

Moro said Bendine used his influence to illegally help the builder between 2014 and 2017. He was arrested in July and is the only ex-Petrobras CEO implicated in the so-called "Car Wash" investigation.

Bendine was named head of Brazil's second largest bank, Banco do Brasil, in 2009 by then-President Luiz Inacio Lula da Silva. Six years later, President Dilma Rousseff made him CEO of Petrobras.

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A former chief executive officer of Brazil's state oil company Petrobras has been sentenced to 11 years in prison as part of sprawling corruption investigation that has ensnared many of the country's top business and political leaders.Federal Judge Sergio Moro found Aldemir...
LT,Brazil,Corruption
132
2018-38-07
Wednesday, 07 March 2018 04:38 PM
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